Barclays Issues Positive Forecast for Zeta Global (NYSE:ZETA) Stock Price

Zeta Global (NYSE:ZETA) had its target price boosted by research analysts at Barclays from $28.00 to $32.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential upside of 20.71% from the stock’s previous close.

Several other analysts have also recently issued reports on the company. Oppenheimer increased their target price on Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Bank of America increased their price objective on Zeta Global from $30.00 to $36.00 and gave the company a “buy” rating in a report on Thursday, September 26th. DA Davidson raised their price target on Zeta Global from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday. Needham & Company LLC raised their target price on Zeta Global from $36.00 to $43.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Craig Hallum increased their price objective on Zeta Global from $37.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zeta Global presently has a consensus rating of “Buy” and a consensus price target of $40.23.

Zeta Global Trading Down 6.1 %

Shares of NYSE ZETA traded down $1.71 during mid-day trading on Wednesday, reaching $26.51. The company had a trading volume of 5,738,366 shares, compared to its average volume of 2,680,809. Zeta Global has a 52 week low of $7.65 and a 52 week high of $38.20. The business’s 50-day moving average is $29.05 and its 200-day moving average is $22.51. The stock has a market cap of $5.83 billion, a price-to-earnings ratio of -37.73 and a beta of 1.29. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.85.

Zeta Global (NYSE:ZETA) last announced its quarterly earnings results on Monday, November 11th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26). The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.27) EPS. Equities analysts expect that Zeta Global will post -0.45 earnings per share for the current year.

Hedge Funds Weigh In On Zeta Global

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Zeta Global by 9.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 38,732 shares of the company’s stock worth $423,000 after acquiring an additional 3,295 shares during the last quarter. Swiss National Bank raised its stake in shares of Zeta Global by 1.3% during the first quarter. Swiss National Bank now owns 309,600 shares of the company’s stock worth $3,384,000 after purchasing an additional 4,000 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Zeta Global by 99.3% during the 1st quarter. Russell Investments Group Ltd. now owns 554,597 shares of the company’s stock worth $6,062,000 after purchasing an additional 276,294 shares during the period. ProShare Advisors LLC lifted its stake in shares of Zeta Global by 9.7% in the first quarter. ProShare Advisors LLC now owns 25,249 shares of the company’s stock valued at $276,000 after purchasing an additional 2,236 shares during the period. Finally, Entropy Technologies LP purchased a new stake in Zeta Global during the first quarter worth about $153,000. Hedge funds and other institutional investors own 75.82% of the company’s stock.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.